Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Mexican Peso/Czech Koruna (FOREX:MXNCZK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNCZK
The long term trend has been DOWN since Jun 3rd, 2019 at 1.164985
The intermediate term trend has been UP since Sep 6th, 2019 at 1.193920
The short term trend has been UP since Aug 30th, 2019 at 1.169150
Smart Scan Analysis for MXNCZK
Based on a pre-defined weighted trend formula for chart analysis, MXNCZK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).